Meeting Details
- Date: Monday, September 28, 2026
- Time: 15:00 hrs to 15:20 hrs IST
- Location: Conducted through Video Conferencing (VC)/Other Audio Visual Means (OAVM)
- Type: Annual General Meeting
Directors Present
- Mr. Bhagwandas K. Patel (Managing Director) - via VC from Ahmedabad
- Mr. Dixit B. Patel (Joint Managing Director) - via VC from Ahmedabad
- Mr. Ramesh B. Patel (Joint Managing Director) - via VC from Ankleshwar
- Mr. Vikash Jain (Independent Director) - via VC from Ahmedabad
- Mr. Iyengar Padmanabhan (Independent Director) - via VC from Ahmedabad
- Ms. Avani Patel (Additional Independent Director) - via VC from Ahmedabad
In Attendance
- Mr. Ankit Shah (CFO) - via VC from Ahmedabad
- Ms. Varsha R. Mehta (Company Secretary) - via VC from Ahmedabad
- Mr. B. K. Patel (Statutory Auditors and Scrutinizer) - via VC from Ahmedabad
- Mr. Ashokbhai P. Pathak (Secretarial Auditor) - via VC from Ahmedabad
- 49 members attended through Video Conferencing
Resolutions Passed
All resolutions from the AGM notice dated August 13, 2026 were passed with requisite majority through remote e-voting and e-voting during the AGM:
Ordinary Business
1. Adoption of audited financial statements for FY ended March 31, 2026, reports of Board of Directors and Auditors, and audited consolidated financial statements with Auditor's Report - Ordinary Resolution
2. Declaration of dividend of ₹1.50 per Equity Share (15% per Equity Share) for year ended March 31, 2026 - Ordinary Resolution
3. Re-appointment of Shri Rameshbhai B. Patel (DIN: 00037568) as Director liable to retire by rotation under Section 152(6) of Companies Act, 2013 - Ordinary Resolution
4. Ratification of payment of remuneration to Cost Auditors for FY 2026-27 - Ordinary Resolution
5. Approval of Related Party Transaction - Ordinary Resolution
Voting Process
- Electronic voting facility provided to members for all resolutions
- Mr. B. K. Patel, Chartered Accountant appointed as Scrutinizer to scrutinize voting process in fair and transparent manner
- Results of e-voting to be announced within statutory timeframe and intimated to Stock Exchanges
- Results to be posted on company website and CDSL
Shareholder Participation
- Quorum requirements met through video conference participation as per MCA circulars and Section 103 of Companies Act, 2013
- 6 members registered as Speakers, 3 attended (2 had emailed queries, 1 was unmuted)
- Management provided responses to queries: Mr. Bhagwandas Patel (MD), Mr. Dixit Patel (Jt. MD), and Mr. Ankit Shah (CFO)
Compliance Confirmation
Meeting conducted in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, specifically Regulations 30 and 51